Economists I respect a lot seems certain that a complete collapse of the financial sector will occur within 12-16 month. Rooted in the lack of trust in USD, de-industrialization of EU. To be honest anything that has close ties to the financial sector will be affected. Housing, Stocks, ETF's, ETC's. I have hope in a few items that could potentially hedge against this wealth eradication. - Commodities like metal and rare earth, that will always have a demand globally. Ideally gold in physical form. - High-quality short-term corporate bonds in industries like healthcare etc. - European LNG shipping stocks with low P/E and high dividends. The morons in EU will continue to ship gas from India and US for years to come. My favorite - Currencies/digital cash with no direct link to the USD based financial sector. Currencies that can not be used as a weapon (confiscated), currencies that are accepted globally and is hard to manipulate. The important part here is detachment from the highly leveraged system, that everyone in the top of the food chain expect to collapse within 12-16 month. #xmr #monero Stay safe and #dyor

You are legally obliged to self-report, duty, taxes, sales tax/VAT when doing sales in cash or monero. So, buying products in XMR, SHOULD in theory cost the same as a payment with a VISA card minus 5% payment processing and card fees.

Either BTC will slowly start to recover or it will fall trough the roof. The next month will tell.

From time to time I'm invited over to people who considers them selves to have "done well". They show off their house, their car and their watch. But, as soon as we hit the dinner table it hits me like a rock. These people have no deep thoughts, they have no practical skills and not least they have no good taste in food or ability to prepare it.

Be worried about people who wants to show their high morals and who wants's force it upon you. Connect with people who are able to put them self in the place of others. Empathy is the difference between an NPC and a human.

There is a constant hope that Monero will suddently moon 10x or the like, most other cryptos do from time to time. Consider that as a sign of health, not the opposite. Monero has a steady organic appreciation decoupled from the existing financial system. Under normal circumstances a yearly ROI of 165% would be considered to be pretty amazing. Sudden spikes of 1500% in a crypto that no one is using (zcash) is not just suspicious, it's direct manipulation (don't fall for their trickery).

Between $21 trillion and $32 trillion is estimated to be held in tax havens globally. Additionally considering the volume of transactions that are not meant for public view. With more regulatory scrutiny, chainalysis, surveillance. The options to safely protect your wealth and privacy is limited to very few options today. One of them is Monero Estimated market cap. ≈ 25T Monero current Market cap. ≈ 7.5B

Bitcoin and Monero have a shared heritages. Do not forget that.

If you want a thriving economy outside the Matrix. You want "money" flowing / to change hands, the more transactions the better. Zaps for content creation is a prime example. If you only stack, you are not contributing to a circular economy for the future. There is no reason not to do so. Every time you buy or pay someone in FIAT, you should ask your self and the seller why the transaction (with all it's fees) is not settled in crypto instead (Nano, BTC, Litecoin, XMR...) Disclaimer: I would prefer Monero and let the seller about his obligations to IRS. (It's his business, not mine)

Some people see everything as a speculative asset. Like going to a casino and counting outs and odds, they look at technical indicators, tea leafs, paterns.. They ALLWAYS end up loosing to the casino. They may lean on anectdotes about some online daytrader who posts about his victories from his dusty cellar. They may find all sorts of arguments of why their bets are not blind gambling, some wise podcaster interviewed a wise investment expert. If just people adobted their god-given brain and started to think for them selves, abandoned their greed and lust for fast money. They would all be wealthy within 15 years. But, they continue playing their act in the circus.